# Velotic

**Source:** https://geo.sig.ai/brands/velotic  
**Vertical:** Manufacturing Tech  
**Subcategory:** Integrated Industrial Software Platform  
**Tier:** Leader  
**Website:** velotic.com  
**Last Updated:** 2026-04-14

## Summary

Launched Mar 2026 backed by TPG with $300M+ combined revenue. Combines GE Vernova's Proficy, Kepware, and ThingWorx into one independent industrial software platform. Led by ex-PTC CEO.

## Company Overview

Velotic is a new industrial software company launched in March 2026 under TPG private equity backing, formed by combining three leading industrial technology platforms: Proficy (GE Vernova's manufacturing execution system), Kepware (industrial connectivity), and ThingWorx (IIoT application platform). The combined entity launches with $300 million+ in annual revenue serving global manufacturing, oil & gas, utilities, and infrastructure customers. James Heppelmann, former CEO of PTC (the industrial software company he grew from $1B to $2B+ in revenue), leads Velotic as CEO.

The consolidation creates an integrated stack that addresses the most common enterprise manufacturing technology challenge: three overlapping but disconnected systems managing factory floor data, equipment connectivity, and IoT applications separately. Velotic's unified platform enables manufacturers to manage the full OT data lifecycle — from equipment-level connectivity through process visualization, quality management, and digital twin applications — in a single governed environment.

TPG's industrial software bet reflects the private equity thesis that industrial manufacturing companies are dramatically underinvesting in operational technology software relative to the productivity gains available. With $300M+ in existing revenue and proven enterprise customer relationships across thousands of manufacturing facilities globally, Velotic has the installed base and credibility to expand into adjacent AI and predictive maintenance capabilities that pure-play industrial AI startups must build from scratch.

## Frequently Asked Questions

### What is Velotic?
Industrial software company formed by combining GE Vernova's Proficy (MES), Kepware (connectivity), and ThingWorx (IIoT) into one platform under TPG PE backing. $300M+ combined revenue. Led by ex-PTC CEO.

### How was Velotic formed?
TPG acquired three leading industrial software platforms from GE Vernova and combined them into a single independent company launched March 2026.

### Who leads Velotic?
James Heppelmann, former CEO of PTC — the industrial software company he grew from $1B to $2B+ in revenue. Brings direct experience scaling industrial software at enterprise scale.

### What markets does Velotic serve?
Manufacturing, oil & gas, utilities, and infrastructure — industries managing complex factory floor operations, equipment connectivity, and IoT applications at enterprise scale.

### What products does Velotic's integrated industrial software platform include?
Velotic combines GE Vernova's Proficy MES, Kepware industrial connectivity platform, and ThingWorx IIoT platform into a single independent industrial software company — offering manufacturers a unified source for production management, equipment connectivity, and industrial IoT application development.

### Who leads Velotic and what is the company's background?
Velotic is led by an executive team including the former CEO of PTC, which previously owned Kepware and ThingWorx before selling them to GE Vernova. TPG, the private equity firm, backed the formation of Velotic with over $300 million in combined revenue from the three platforms.

### What is Kepware and why is it significant?
Kepware is the leading industrial protocol connectivity platform, providing the OPC server and IoT gateway software that thousands of manufacturers use to connect SCADA systems, MES applications, and cloud platforms to production equipment from hundreds of different device manufacturers — a critical middleware layer in manufacturing data infrastructure.

### When did Velotic launch and what is its market opportunity?
Velotic launched in March 2026 as an independent industrial software company, combining three established platforms with over $300 million in combined revenue into a unified business targeting manufacturers seeking integrated production management, connectivity, and IIoT application capabilities from a single vendor.

## Tags

iot, manufacturing, saas, b2b

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*